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How Does Medicare Impact On Society

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Starting in the early days, Medicare and Medicaid have made an impact on society. Both became known all around the world when President Lyndon B. Johnson signed amendments to the Social Security Act on July 30, 1965. They have been in business for 51 years, and currently together have a huge amount of Health Insurance Coverage for about 105 million civilians. Medicare and Medicaid have been of great benefit all over the country. Although they are quite similar, Medicare and Medicaid have many differences.

To begin with, this year Medicare has about 55 million users, making it one of the most popular health insurance plans on Earth. It has been well divided into different parts for easy access throughout the population. These are called Part A, B, C, and D. According to the article, What does Medicare cover (Parts A, B, C, and D)?, these different parts make Medicare an all-rounded advantaging program. Part A is known as Hospital Insurance. It is mostly used by hospitals, skilled nursing facilities, home health, and hospice care. Part B consists of Medical Insurance. It is made up of medically necessary doctors’ services, preventive care, durable medical equipment, hospital outpatient services, laboratory tests, x-rays, mental health care, and some home health and ambulance services. Medicare Part C allows private health insurance businesses to distribute Medicare …show more content…

Medicaid contributes to medical coverage of low-income for individuals and families. It includes children, teenagers, adults, and elders. According to an article called, "Florida Department of children and families", Medicaid provides different services for different groups of people. For example, one of the groups is Parents and Caretaker Relatives of Children. Parents and other caretaker relatives of children up to age 18 who share the same household may qualify for

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Medicare part D is a subsidized health insurance program to cover for prescription drugs The program was introduced when there was the need to improve drug coverage. The former president George Bush, On December 8, 2003. Signed Medicare Prescription, Drug Improvement and Modernization Act, which created Medicare part D. these program was intended to offer voluntary drug benefits. Medicare part D, since its introduction, has contributed a lot in health insurance, some of its benefits are; 1.

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Medicare is a federally administered health insurance program that was started in 1965 by President Lyndon B. Johnson and took effect in 1966 and was aimed to combat the high percentage of elderly individuals who were without health insurance coverage and thus improve their health. Originally, Medicare provided health insurance coverage for retirees and their spouses 65 and older. But in 1972 Richard Nixon signed the first change to Medicare allowing for certain disabled persons under 65, and anybody diagnosed with kidney failure who require dialysis or a transplant to receive coverage under the program. In 2003, President Bush singed a bill called the “Medicare Prescription Drug Improvement and Modernization Act” which provided an optional

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Because Medicare is run by the federal government, its coverage, rules and guidelines are basically the same everywhere in the United States. With this program patients pay part of the costs through deductibles for hospital stays and they are required to pay monthly premiums health care services. Medical bills are paid from trust funds which those covered have paid into. Medicare has four parts: Part A: offers

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The United States has different and benefited successful welfare programs which have gained profits to the country and gained aid to the society. Medicare and Medicaid have been popular for a long time now and have kept U.S society well taken care of. In the 50 years since they were signed into law by President Lyndon Johnson, Medicare and Medicaid have grown into health insurances huge accomplishment, covering one-third of all Americans and accounting for $4 of every $10 spent on healthcare today. Widely supported by receivers, the programs have been severely successful on many fronts like Medicare has extended health insurance to nearly all the elderly, and Medicaid provides vital fetal and maternity care for almost half of U.S. births. Both programs have improved narrow the healthcare gap between rich and poor, and between whites and minorities providing further benefits to the groups.

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